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Jacko Law Group Blog

Advisory Firm Failed to Disclose Conflicts of Interest to Clients

The Securities and Exchange Commission (“SEC”) has charged a Houston-based advisory firm with fraud for failing to disclose conflicts of interest to investors. Robare Group Ltd. (“Robare”) had a compensation arrangement in place with the un-named brokerage firm who was offering the mutual funds. The arrangement allowed Robare to receive a percentage of every dollar received for recommending the mutual fund to clients. Over eight (8) years Robare received almost $440,000 from the broker.

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